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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Sundar Rajan who wrote (49864)	3/6/1998 2:06:00 AM
From: BelowTheCrowd	Respond to of 186894

I do options. Carefully. Last week I thought we had seen our high and started getting into OEX index puts to protect agains bad news which I thought would be coming along soon. Needless to say the first batch I bought got creamed in the last two record-breaking days, but the second and third didn't lose too much. Now I'm about even overall, with the first batches still under water and the later ones a bit ahead. However, I am now fully insured against an overall market decline in the coming weeks, which is what I expect. > I was in profit in hwp mar 65 options (earnings play)... When I get into something as an earnings play, I always make a point of getting OUT shortly after earnings. It usually only takes a few days for all the analyst recommendations to change and move the stock, then it often settles for a breather. I'm also really cautious about holding calls in March, June, September and December. If earnings warnings are coming, that's usually when they hit and I've been killed a couple of times on those things. It gets safer past the end of the quarter, when you are waiting for the actual earnings and hopefully and bad surprises have be pre-announced. HWP is a bit difficult, because their quarter is a month later than most. I have not seen a short-term upside to any of the techs recently, and wasn't smart enough to see the Intel news coming, so I have not been in options on individual stocks for a while. mg